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Sunday, October 30, 2011

BSE Sensex, Nifty Maruti Suzuki down oct 31 2011

BSE Sensex, Nifty Maruti Suzuki down oct 31 2011 : The BSE Sensex slipped 0.2 per cent early on Monday, with Reliance Industries, ITC and HDFC Bank leading the losses.

Shares of Wipro Ltd were trading 2% higher at Rs 381.55 after the software exporter reported a growth of 1.24 per cent in consolidated net profit to Rs 1,300.9 crore for the quarter ended September 30, 2011. Net income from sales during the reporting quarter stood at Rs 9,094.5 crore, as against Rs 7,730.5 crore in Q2, FY'11, translating into a 17.64 per cent increase.

Maruti Suzuki slipped as much as 4% in opening trade aftre the country's largest car-maker reported 59.81 per cent fall in net profit at Rs 240.44 crore for the quarter ended September 30, mainly due to production loss at Manesar because of labour unrest.

At 9:19 a.m., the 30-share BSE index was trading 0.3% lower at 17,733.16 points led by losses in Reliance Industries Ltd (down 0.6%), ITC (down 0.7%) and HDFC Bank (up 0.9%). The broader 50-share NSE index was down 0.4 per cent to 5,337.

Technical check:
"The trend deciding level for the day is 17,795 on the Sensex and 5,361 levels for the Nifty. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 17,918 - 18,031 / 5,399 - 5,438 levels," according to a report by Angel Broking.

"However, if NIFTY trades below 17,795 / 5,361 levels for the first half-an-hour of trade then it may correct up to 17,681- 17,558 / 5,322 - 5,284 levels," said the report. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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